# Dry Bulk Market: Capesizes See Strong Demand in the Brazil to China Routes - Maritimes

> Weekly Capesize rates peaked at $10,081 before easing to $8,381 by Friday, with active Brazil-to-China fixtures and the C3 route settling at $10.505. Panamax rates averaged about $8,750 for 82,000dwt, and the Baltic Panamax Index turned negative for the first time in over two weeks. Vale also cut its 2020 Brazilian iron ore forecast.

- Date: 2020-04-27 · published 2020-04-27T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/53847-dry-bulk-market-capesizes-see-strong-demand-in-the-brazil-to-china-routes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer Panamax rates on East Coast South America routes lower freight costs for Brazilian soybean and corn exports, although weaker oil prices and lower demand are also weighing on the sector.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- maritimes.gr: https://maritimes.gr/en/dry-bulk-market-capesizes-see-strong-demand-in-the-brazil-to-china-routes/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.